Then what you are seeing is NOT an actual listing â€¦ it is an advertisement for RealtyTrac.
RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.
RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.
Bottom line: RealtyTrac is trying to get you to sign up for their service.
The following links may be helpful:
When Is The Price Not The Price?
Itâ€™s Too Good To Be True: REALLY â€“ Top 4 Buyer Myths
If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
Since this property is not an active listing, you should contact a realtor who can send you properties as soon as they come on the market. Mission San Jose has very few properties that are currently on the market and they sell with multiple offers with selling price more than asking price as soon as they are listed.
Feel free to contact a realtor you feel comfortable working with.
Help-U-Sell Achioevers Realty
Got RealtyTrac? I hope notâ€¦.
Yes, they have "foreclosure status listings"; however, there is a process of actually getting to the status of an actual foreclosure for sale. See:
RealtyTrac looks to charge you a fee to obtain "foreclosure status information" most any RealtorÂ® can provide for FREE. Also, as evidenced by RealtyTrac, be aware there are different levels of property information accuracy on the web. See:
â€œMLS Data Accuracy â€“ Where to search if youâ€™re â€œwithout RealtorÂ®â€ if you only want accurate information. http://tinyurl.com/ctr4d44
Good luck with your search. If you care to share your plans I can automate your search so you only see properties actually for sale and can spend your time doing things you like to do.
Again and again, people who see "listings" like this have to be told this is not a listing for sale -- it's merely information about the status of properties that are in default, or about to be auctioned, or have foreclosed.
Notice of Default still give people time to determine their options on how and whether to keep their properties.
And if the property is foreclosed, the banks will eventually assign the property to be listed for sale by a realtor who will post it on the MLS.
Your best bet, if you're looking to buy, is to engage a realtor to help you find properties that ARE actively listed for sale. We can even set it up so that you are automatically notified when a property meeting your criteria becomes available for sale.